SBA Administrator's Statement on President's Promotion of Tax Reform in Pennsylvania

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Jan 18, 2018, 07:17 ET

WASHINGTON, Jan. 18, 2018 /PRNewswire-USNewswire/ -- The following statement was made by U.S. Small Business Administration Administrator Linda McMahon:

"H&K Equipment Company in Pennsylvania is one of many small businesses that stand to benefit from tax reform. The company will have more spending power to invest in equipment and create more jobs, which will benefit the company as well as its customers and employees.

Because the company will now be able to expense all of its investments in new equipment in the year it is purchased, H&K projects its investments back into the company will be 50% higher than last year.

And H&K isn't alone – this is the same optimism I hear from small business owners I meet with all over the country. This historic tax reform proves the President is listening to entrepreneurs and advocating for small businesses, which employ half our nation's workforce and create two out of every three net new jobs in the private sector.

Small businesses are truly the engines of our economy, and lower taxes will help fuel their growth and accelerate their success."

About the Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. To learn more about SBA, visit http://www.sba.gov.